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主な各カテゴリーの最近の掲載分から、日本語の概要を追加しています。原典のタイトルは原語のまま掲載し、未翻訳の概要は英語で表示します。
607 件
英語の概要です。日本語版は順次追加しています。
Supply bottlenecks had reached producer prices, but their transmission to consumer inflation was still unfolding in May 2021. Robin Brooks, Jonathan Fortun and Jonathan Pingle expected further increases in core CPI and PCE as delayed effects emerged. They argued at the time that the Federal Reserve should accommodate this inflation bump despite a larger and more persistent supply shock.
論文を読む英語の概要です。日本語版は順次追加しています。
Severe manufacturing delays raised the question of whether supply disruptions were reaching consumer prices as economies reopened. The April 2021 comparison found evidence of firms passing costs into higher prices only in the United States. Faster vaccination and reopening were offered as a possible explanation for stronger pricing power there, rather than as an established global pattern.
論文を読む英語の概要です。日本語版は順次追加しています。
Severe delivery delays and rising manufacturing input costs challenged expectations of a quick supply chain normalization in April 2021. Robin Brooks, Jonathan Fortun and Jonathan Pingle compare the disruption with earlier crisis episodes. Although they expected reopening eventually to ease bottlenecks, their analysis warns that persistence could intensify upward pressure on US yields as economic data recovered.
論文を読む英語の概要です。日本語版は順次追加しています。
Strong US economic releases during the 2021 reopening reflected the reversal of the shutdown, with unusually volatile data surprises. Robin Brooks and Jonathan Fortun expected this turbulence to persist into the summer and put upward pressure on long term US bond yields. Their April assessment identified Turkey as the emerging market most affected, with spillovers also reaching Brazil and Colombia.
論文を読む英語の概要です。日本語版は順次追加しています。
China accounted for almost all emerging market equity inflows in March 2021. Jonathan Fortun reports $10.1 billion in total portfolio investment, including $6.2 billion in debt and $3.9 billion in equities. Chinese stocks received $3.8 billion, exposing the narrow geographic base of the equity recovery.
論文を読む英語の概要です。日本語版は順次追加しています。
Market stress raised questions about contagion from Turkey to other emerging economies in April 2021. Robin Brooks and Jonathan Fortun compare the pressure with the 2013 taper tantrum and argue that stronger starting conditions limited wider spillovers. Their contemporary assessment also retained the lira fair value estimate, anticipating that tighter financial conditions would narrow Turkey’s external deficit.
論文を読む英語の概要です。日本語版は順次追加しています。
Turkey’s currency response to a sudden stop depends on how domestic activity and credit adjust. Robin Brooks, Jonathan Fortun and Ugras Ulku contrast the recession and external adjustment of 2018 with the credit expansion that limited recovery in the lira after the 2019 shock. Writing in March 2021, they expected the new episode to resemble 2018 and retained a fair value estimate of 7.50 lira per dollar.
論文を読む英語の概要です。日本語版は順次追加しています。
Rising US yields were already triggering substantial emerging market outflows in March 2021. Robin Brooks and Jonathan Fortun nevertheless distinguish that episode from the 2013 taper tantrum: previous inflows had been smaller, and current accounts and real exchange rates were better positioned. Those initial conditions supported their view that the disruption would remain a setback rather than a systemic collapse.
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